Posted this set up last week, however due to technical factors not aligning the trade set-up was cancelled. Following Friday's bullish engulfing closure breaking out of the range-play, Euro now looks set to advance into the 126.000 weekly key region.
GBP/AUD Long - retest of 1.79500 to make higher high, hourly bullish engulfing close, and 4hr pin bar. Buy limit lower than key level due to possible market manipulation, if not hit then who cares, there are a ton of opportunities coming!
In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody.
There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all!
If you're a forex trader or stock trader this is important. Why because what...
At 6am we witnessed a bullish breakout candle breaking past the 0.67572 resistance zone. Before price continues in a bullish continuation trend, there will be a retest of this key level along with the 50% Fib level.
Price should retrace from this level and continue heading up. We have two targets in place:
Target 1 is placed at 0.67876
Target 2 is placed at...
I overview what are some of the possibilities and probabilities over the next few weeks for Wall Street. I compare again the current situation with that of around 2008.
Preliminary action on small time frames on Weekend Wall Street, do not look exciting for a trip north on Monday. We shall have to wait and see, as Mr Trump often says.
I do not know what's...
For me, those are the next levels to open position on USDCAD.
The demand below is a great continuation level of buy position, I'll buy at this demand only if the Price Still didn't reach the supply above, the target for this position will be the supply above, which is a great Supply of sell position, if the price hit that supply, I'll sell there, the target for...
EURUSD is bearish at the moment,
The key levels I marked on the chart are great levels for day trade position, on the low time frame the Demand below seems like a great Quasimodo level of buy position, if the price reach that demand I'll Buy there, The supply above is a great level of sell position, I'll sell at this supply.
GBP/AUD could see a bearish reversal as price seems to have rejected the daily resistance level of 1.8185 and as a result forming a dragonfly doji on the H4. Along with the early hours of today where price failed to break this key area of resistance yet again.
There is bearish RSI divergence occurring on the H4 which suggests the strong bullish momentum could be...
The USOIL just hit a supply level from the higher time frame (weekly).
I prefer to wait for a confirmation in order to take a sell position. the support
Below is my confirmation zone, if the price will break that level it indicates the price
Tends to reach the support below and even the demand at the bottom.
If that happens I'll look for P"A setup for sell,...
There is a clear support and resistance identified - XAUUSD has been going bearish for the past couple of months and it should reach the middle Support , after it reaching the support we should be seeing a retest at the 1230.00 key level and hopefully pull back down to the support 1130.28 key level